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Applied Materials (AMAT) Stock Moves -0.03%: What You Should Know
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Applied Materials (AMAT - Free Report) closed at $33.52 in the latest trading session, marking a -0.03% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.55%. Elsewhere, the Dow lost 0.5%, while the tech-heavy Nasdaq lost 0.42%.
Heading into today, shares of the maker of chipmaking equipment had lost 14.25% over the past month, lagging the Computer and Technology sector's loss of 6.53% and the S&P 500's loss of 5.71% in that time.
AMAT will be looking to display strength as it nears its next earnings release, which is expected to be November 15, 2018. The company is expected to report EPS of $0.96, up 3.23% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4 billion, up 0.85% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.45 per share and revenue of $17.24 billion, which would represent changes of +36.92% and +18.61%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for AMAT. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AMAT is currently sporting a Zacks Rank of #4 (Sell).
In terms of valuation, AMAT is currently trading at a Forward P/E ratio of 7.54. Its industry sports an average Forward P/E of 9.96, so we one might conclude that AMAT is trading at a discount comparatively.
We can also see that AMAT currently has a PEG ratio of 0.88. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. AMAT's industry had an average PEG ratio of 0.96 as of yesterday's close.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 107, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AMAT in the coming trading sessions, be sure to utilize Zacks.com.
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Applied Materials (AMAT) Stock Moves -0.03%: What You Should Know
Applied Materials (AMAT - Free Report) closed at $33.52 in the latest trading session, marking a -0.03% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.55%. Elsewhere, the Dow lost 0.5%, while the tech-heavy Nasdaq lost 0.42%.
Heading into today, shares of the maker of chipmaking equipment had lost 14.25% over the past month, lagging the Computer and Technology sector's loss of 6.53% and the S&P 500's loss of 5.71% in that time.
AMAT will be looking to display strength as it nears its next earnings release, which is expected to be November 15, 2018. The company is expected to report EPS of $0.96, up 3.23% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $4 billion, up 0.85% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.45 per share and revenue of $17.24 billion, which would represent changes of +36.92% and +18.61%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for AMAT. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AMAT is currently sporting a Zacks Rank of #4 (Sell).
In terms of valuation, AMAT is currently trading at a Forward P/E ratio of 7.54. Its industry sports an average Forward P/E of 9.96, so we one might conclude that AMAT is trading at a discount comparatively.
We can also see that AMAT currently has a PEG ratio of 0.88. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. AMAT's industry had an average PEG ratio of 0.96 as of yesterday's close.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 107, which puts it in the top 42% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AMAT in the coming trading sessions, be sure to utilize Zacks.com.